Earn our highest interest rates available and maintain access to your cash, without investing time. With the sweeps feature of your Key Privilege Checking® or Key Privilege Select Checking® account, you’ll add unused cash to a high interest FDIC-insured deposit account,1 every day, without doing a thing.
How Sweeps Checking Works
- After your daily transactions are reconciled, funds left in your checking account automatically transfer into an interest bearing KeyBank deposit account, overnight.
- The account is FDIC insured up to the maximum allowable limit.
- Exclusively for Key Privilege Checking® and, with a higher available interest rate, Key Privilege Select Checking® accounts.
Features and Benefits
- Avoid withdrawal limitations common in savings accounts, while you earn interest.
- Rest easy, knowing you’re saving automatically.
- Build reserves you can quickly access for expenses or investments.
- Receive balance information in your monthly comprehensive statement.
- Manage your account in online banking.
Monthly Maintenance Service Charge applies when minimum combined balance requirement is not maintained. Please talk to your Relationship Manager for more information.
Investment options vary by market. In any particular market, one FDIC-insured deposit account and several non-FDIC insured money market mutual funds will be available.
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